How to Get Insurance for Motor Vehicles

If you have a car, you need motor vehicle insurance to protect you and your vehicle in case of an accident or any damage that may occur. The number of cars in Malta is continually increasing with the NSO reporting that 1,894 vehicles were newly registered in Malta every month for the first 6 months of 2024.

Insurance for motor vehicles is also vital in order to protect any third parties that are involved in accidents or vehicle damage. It’s also a  legal  requirement  for anyone driving on  Malta’s  roads.  The  basic  level  of  legal  cover  for  Malta’s  drivers  is  third-party coverage, which protects against liability for injury or loss damage caused to third parties.

If  you’re a new driver or simply looking around for a better level of motor vehicle insurance coverage, it’s good to research the topic. You might want to know exactly

 what   is   motor   insurance,  what  are   the   different   classes   of   motor   insurance available and specifically why you need motor vehicle insurance to drive your car.

Contents

●   Why do you need motor vehicle insurance?

●   What are the different types of insurance for motor vehicles?

●   How to get insurance for motor vehicles.

●   Find great motor vehicle insurance with GasanMamo.

Why do you need motor vehicle insurance?

Your motor insurance will protect you from financial liability if you have an accident or cause damage to another vehicle when driving. If you have an accident and someone else is hurt, your insurance policy should include compensation for the third party who is injured.

In Malta, the  Motor  Vehicles  Insurance  (Third Party Risks) Ordinance states that motorists are required to be insured for liability in the case of injuries to other people, including passengers. This legislation also makes it compulsory for drivers to gain insurance to cover any damage to other people’s property as a result of their vehicle.

Put simply, if you want to avoid financial losses and you would like to protect yourself and your car, it makes sense to gain adequate motor vehicle insurance cover for true peace of mind!

What are the different types of insurance for motor vehicles?

Third Party Only insurance

As  previously  mentioned,  Third  Party  Only  cover  is  the  minimum  level  of  motor insurance protection required by law, including in Malta. This type of policy covers your liability to other people for injury or damage to property arising from the use of your car.

It’s good to know that, as you drive around Malta, other drivers are legally obliged to take out Third Party Only insurance to make sure that they have financial coverage if they injure anyone or cause vehicle damage.

Third Party Fire and Theft cover

This type of cover builds an additional layer on top of Third Party Only insurance. With this policy, you have protection in the case of loss or damage to your vehicle that’s caused by fire, explosion or from theft.

Comprehensive cover

Known as the most advanced form of motor vehicle insurance, a comprehensive car insurance  policy  ensures  your  car  is  protected  against  many  types  of  accidental damage.

You can also add other types of coverage to increase your level of protection, such as personal accident insurance, the cost to hire a replacement car or cover in the case of loss or damage to personal effects you carry in your car.

How to get insurance for motor vehicles

To start learning how to get insurance for motor vehicles, research the specific type of motor insurance you want for your car. Draw up a list of your main priorities to help you decide. This is key to securing the best deal for your budget and your needs as a driver.

Here are some top tips to help you find the right motor insurance for your car:

1. Choose a car from a low insurance group

Every make and model of car is scored from 1-50. Selecting a car that is less expensive will help you get a car insurance policy that doesn’t cost the earth and supports your driving requirements.

2. Make your car secure

It is better if you have a safe place to park your car, such as a garage or driveway, and that you have adequate security in place, such as a car alarm system.

3. Limit who can drive your car

If you limit driving to yourself and one other person you are likely to benefit from a discount as opposed to having a policy that covers any driver..

4. Drive safely

Making sure you drive safely at all times will help keep your no claims discount intact and will avoid any accidents or damage to your car. Some like to complete a safe driver course in addition to passing their driving test to prove their ability to drive safely on the roads.

5. Add a voluntary excess

Some motor insurance companies will allow you to add a voluntary excess amount on top of your compulsory excess so you can lower your overall premium total.

Find great motor vehicle insurance with GasanMamo

Here at Gasanmamo, we have a whole team of experienced insurance specialists who can talk you through the attractive additional benefits on offer, ranging from discounts for multiple vehicles to free roadside assistance.

Plus, we offer an affordable motor insurance policy for young drivers called  Boosh . It’s specifically  designed  for  drivers between the ages of 18-24 and offers a range  of additional benefits at an affordable price.

Get a quote  today, or  contact  our  team  for a friendly chat.

GasanMamo Insurance is authorised under the Insurance Business Act and regulated by the MFSA